{"product_id":"bubbles-and-crashes-brent-goldfarb-9780804793834","title":"Bubbles and Crashes: The Boom and Bust of Technological Innovation","description":"\u003cp\u003eFinancial market bubbles are recurring, often painful, reminders of the costs and benefits of capitalism. While many books have studied financial manias and crises, most fail to compare times of turmoil with times of stability. In \u003ci\u003eBubbles and Crashes\u003c\/i\u003e, Brent Goldfarb and David A. Kirsch give us new insights into the causes of speculative booms and busts. They identify a class of assets--major technological innovations--that can, but does not necessarily, produce bubbles. This methodological twist is essential: Only by comparing similar events that \u003ci\u003esometimes\u003c\/i\u003e lead to booms and busts can we ascertain the root causes of bubbles. \u003c\/p\u003e \u003cp\u003eUsing a sample of eighty-eight technologies spanning 150 years, Goldfarb and Kirsch find that four factors play a key role in these episodes: the degree of uncertainty surrounding a particular innovation, the attentive presence of novice investors, the opportunity to directly invest in companies that specialize in the technology, and whether or not a technology is a good protagonist in a narrative. Goldfarb and Kirsch consider the implications of their analysis for technology bubbles that may be in the works today, offer tools for investors to identify whether a bubble is happening, and propose policy measures that may mitigate the risks associated with future speculative episodes.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Brent Goldfarb, David A. Kirsch\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0804793832\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780804793834\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Stanford University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 02\/19\/2019\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 264\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.10lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.20h x 6.00w x 1.00d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 07\/01\/2019","brand":"Brent Goldfarb","offers":[{"title":"Hardcover","offer_id":43981262389503,"sku":"9780804793834","price":45.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_57b4b2fc-9844-4d4c-98ea-46facc71bc00.jpg?v=1683254554","url":"https:\/\/www.whiterainbookhouse.com\/products\/bubbles-and-crashes-brent-goldfarb-9780804793834","provider":"WR Book House","version":"1.0","type":"link"}